Auxilium Business consultants Ltd

27/10/2025

Success of your business depends on the financial decisions you make, one sure way to get this right is to institute the best structures in place.

10/09/2025

Managing a Successful Startup

Success isn’t just about a great idea—it’s about ex*****on.

⏩️Build a strong team,
⏩️Understand your market well,
⏩️Manage cash flow wisely, and
⏩️Stay adaptable to regional dynamic business environment.

With resilience and innovation, your startup can thrive.

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Managing a Successful Startup Success isn’t just about a great idea—it’s about ex*****on. ⏩️Build a strong team, ⏩️Understand your market well, ⏩️Manage cash flow wisely, and ⏩️Stay adaptable to regional dynamic business environment. With resilience and innovation, your startup...

12/06/2025

Celebrating my 4th year on Facebook. Thank you for your continuing support. We could never have made it without you. 🙏🤗🎉

08/04/2024

Good business and sustainability goes hand in hand, this is how

07/01/2023

Attention small business owners! Are you feeling overwhelmed with managing the financial side of your company?
Our team at ABC Ltd specializes in accounting, tax, and financial management consulting for SMEs.
Our services can help you stay organized, optimize your financial processes, and make informed business decisions.

Contact us today to learn more and schedule a consultation.

10/06/2022

What you need to file your income tax returns:

KRA PIN
Updated iTax Account
iTax account Password
Internet connectivity
Personal Computer (PC)/ Laptop
2021 P9 form (s)
2021 Withholding tax certificates (where applicable)
Updated books of accounts for fliers in sole proprietorship
2021 Insurance certificate(s) (where applicable)
2021 Mortgage certificate (s) (where applicable)
Tax exemption certificate (where applicable)

20/05/2022

Are you struggling with tax compliance issues, contact us today, we will help sort out all you tax /KRA, book keeping, payroll and stock management issues. We are giving 50% discount for any bookings May valid till 31st May 2021, hurry up!

Filing tax returns deadline is just around the corner , don’t wait until it’s too late ⏰

14/04/2022

TURNOVER TAX

TAXATION FOR SMALL TRADERS 19/02/2020

Turnover Tax(TOT) is a tax charged on gross sales of a business as per Sec. 12(c) of the Income Tax Act.

The effective date of TOT is 01/01/2020

*Who should pay TOT?*

Turnover Tax (TOT) is payable by resident persons whose gross turnover from business is more than Kshs. 1,000,000 and does not exceed or is not expected to exceed Kshs 50,000,000 in any given year.

*TOT does not apply to:*

Persons with business income below Ksh. 1,000,000 and above Kshs. 50,000,000 per annum
Rental Income, Management, Professional and Training Fees, Any income that is subject to a final withholding tax under the Income Tax Act

*Note:*

Eligible taxpayers are advised to log onto iTax, add the TOT obligation, file the monthly returns and make payment.
A taxpayer whose turnover is within the above threshold, but chooses not to be taxable under TOT, shall be deemed to have informed the Commissioner of this choice by not registering for TOT.

*What is the rate for Turnover Tax (TOT)?*

Turnover Tax is charged at the rate of 1% on gross monthly sales.
Expenses are not deductible.
This is a final tax.

*Filing of TOT Returns*

TOT will be filed and paid on a monthly basis. The due date is on or before 20th of the following month.


*What is the penalty for Non-Compliance?*

TOT late filing penalty is Kshs. 1,000 per month (wef 25/04/2020)
Late payment penalty is 5% of the tax due
Interest on unpaid tax is 1% of the principal tax due.

*Emerging Issues under TOT*

The tax rate reduction from 3% to 1%
The removal of Presumptive Tax (wef 25.04.2020)
The change in filing regime from quarterly basis to a monthly basis.
The change in threshold from below Ksh. 1M to between Ksh. 1M and Ksh 50M. This will imply that businesses with annual taxable supplies of Ksh. 5,000,000 and above will required to register for both TOT and VAT